📢 Here's What You Need To Know Today
- ❤️Submit a 10 Second Video to The 'To Guests With Love' Project: This grassroots campaign seeks to show travelers how VRM's are getting ready for their return. So far it has a ton of traction. The deadline to submit your short video to this awesome project is April 22.
- 🔬Make Sure to Audit Your Airbnb Payouts: There have been reports from VRMs that some legitimate bookings from March & April have not been paid out by Airbnb. The only way property managers found this out was by doing a full audit of their March Airbnb Deposits.
- 🏠New Tax Breaks for Real Estate Owners Passed in the CARES Act: This article does a great job of going into detail of how the CARES Act had some beneficial policies for Real Estate owners. For example, Property owners can now carry back Net Operating Losses (NOLs) occurring in 2018, 2019, or 2020 for the five years preceding the NOL. The NOL deduction limit of 80% of taxable income was also increased to 100%.
- 👩🏫Need Something to Do This Week? VRM Intel is putting on a 2 Day Online Conference for VRM's. The cost has been reduced to $48.
🤖10-Day Bootcamp for VRM Accountants
I will be hosting an Exclusive 10-Day Bootcamp for VRM Accountants from April 20th-May 1st over Zoom. The Bootcamp is designed for VRMs and their accountants who want to use this extra time to dramatically improve their accounting processes. This bootcamp is a culmination of my 6 years of VRM Accounting Consulting and is guaranteed to save $10,000+ per year or I will send you 100% of your money back. This bootcamp will be limited to the first 10 people to sign up. Read more and reserve your spot here. PS: You can use coupon code FIRST10 for 40% off the bootcamp price for Newsletter Readers.
All the best,
James von der Lieth